Blog
-
Commercial Property and the increased risk of Money Laundering
- June 21, 2024
- Posted by: FCS Compliance
- Category: Blog, Property Market
No Comments
Commercial Property and the increased risk of Money Laundering Written by Malcolm Driscoll, Lead AML Consultant, FCS Compliance The vulnerability of the commercial sector to money laundering is often overlooked. Many law enforcement investigations reference Organised Criminal Groups (OCG’s) and how they launder their ill-gotten gains through the real estate market. But their focus is
-
Keeping the Shine on Super Prime – Enhanced Due Diligence: A Guide for Estate Agents in the UK
- June 6, 2024
- Posted by: FCS Compliance
- Category: Blog, Property Market
Keeping the Shine on Super Prime – Enhanced Due Diligence: A Guide for Estate Agents in the UK Written by Stephen Williamson, Senior AML Consultant, FCS Compliance There has long been a fascination with the buying and selling of properties at the very top end of the market. The term super prime has become synonymous
-
Meet Stephen Williamson – Senior AML Consultant, FCS Compliance
- April 22, 2024
- Posted by: FCS Compliance
- Category: Blog
In this interview, FCS PR Director, Alison Blease introduces you to Stephen Williamson (MICA, Dip – AML), Senior AML Consultant at FCS Compliance. Dated: April 2024 AB: I’m joined today by Stephen (Steve) Williamson, who joined FCS in October 2023. Steve comes from a financial background. He’s worked for and with banks investigating Anti-Money Laundering
-
Arrests made across the Northwest and London in an NCA investigation…
- January 24, 2024
- Posted by: FCS Compliance
- Category: Blog, News, Property Market
Five men have been arrested across the Northwest and London in an NCA investigation linked to property investment fraud and money launderingWritten by Caroline Walters AICA, Director of Operations, FCS Compliance Two of the big challenges facing the property industry right now are fraud and money laundering. Money laundering and fraudulent activities are seldom discussed
-
Economic Crime and Corporate Transparency Act 2023
- January 24, 2024
- Posted by: FCS Compliance
- Category: Blog, News, Property Market
Economic Crime and Corporate Transparency Act 2023Written by Caroline Walters AICA, Director of Operations, FCS Compliance The Economic Crime and Corporate Transparency Bill received Royal Assent on 26th October 2023, becoming the Economic Crime and Corporate Transparency Act 2023 (ECCTA). This is yet another law designed to tackle the estimated money laundering cost to the
-
HMRC Attending More Art Fairs…
- January 24, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog, News
HMRC Attending More Art Fairs….Written by Rena Neville, Head of FCS Compliance – Art Division The British art market is the second largest in the world. It comes after the US and before China. Given the size and population of the US and China, the UK punches well above its weight. One key feature of
-
The UK Strengthens Enforcement of Trade Sanctions: Art Market Update
- January 24, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog, News
The UK Strengthens Enforcement of Trade SanctionsWritten by Rena Neville, Head of FCS Compliance – Art Division In early 2024, the UK is launching the Office of Trade Sanctions Implementation (OTSI) to combat anyone attempting to evade Russian trade sanctions. The aim is that the department will compliment the existing Office of Financial Sanctions Implementation
-
Are interior designers intermediaries and do they need to register as Art Market Participants?
- January 24, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog
Are interior designers intermediaries and do they need to register as Art Market Participants?Written by Rena Neville, Head of FCS Compliance – Art Division Should interior designers register as Art Market Participants (AMPs)?It’s a seemingly simple question but as is often the case with anti-money laundering legislation – it depends. I have outlined three typical
-
Meet Hannah Evans – Office Manager, FCS Compliance – Art Division
- January 10, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog
In this interview, FCS PR Director, Alison Blease introduces you to Hannah Evans – Office Manager, FCS Compliance – Art Division. Hannah Evans is the newest recruit to the FCS Compliance Art Division. She joined in August last year and splits her time between FCS and PAIAM (Professional Advisors to the International Art Market) –
-
Meet Georgie Tarry – Account Director, FCS Compliance
- January 10, 2024
- Posted by: FCS Compliance
- Category: Art Market, Blog, Property Market
In this interview, FCS PR Director, Alison Blease introduces you to Georgie Tarry, Account Director at FCS Compliance. If you’ve ever called FCS or attended one of their outstanding AML training sessions, chances are you’ve either spoken to or met the person behind this newsletter’s profile. Georgie is one of the longest-serving members of the
